The Secret to Buying a House with Bad Credit

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You might think that having a credit score in the 500s would keep you from buying a home. But that isn’t always the case.

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Depending on your circumstances, you may have lending options that make it possible to overcome that bad credit barrier when buying a home.

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What Credit Score is Needed to Buy a Home?

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Minimum Credit Score Needed for Different Mortgage

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Lender Credit Score Requirements

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VA Loans’ Credit Score Requirements

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So, What’s The Secret to Buying a House With Bad Credit?

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Should you buy a house with bad credit?

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The Secret to Buying a House with Bad Credit

The Secret to Buying a House with Bad Credit

The Secret to Buying a House with Bad Credit

You might think that having a credit score in the 500s would keep you from buying a home. But that isn’t always the case.

Depending on your circumstances, you may have lending options that make it possible to overcome that bad credit barrier when buying a home.

What Credit Score is Needed to Buy a Home?

1. The type of mortgage you want 2. The lender you’re asking 3. Who you are

Minimum Credit Score Needed for Different Mortgage

Certain types of home loans allow you to qualify with a lower credit score while others require a higher score.

Lender Credit Score Requirements

Some lenders will accept lower credit scores while others have stricter requirements.

VA Loans’ Credit Score Requirements

The best example is VA loans, which are backed by the U.S. Department of Veterans Affairs. VA loans have no minimum credit score requirement.

So, What’s The Secret to Buying a House With Bad Credit?

All it takes is one free phone call and a quick consultation with a HUD-certified housing counselor.

Should you buy a house with bad credit?

Now that we’ve gone over all the options that may help you buy a house with bad credit, let’s focus on whether you should take these options and run with them.

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